BCGold Corp. Confirms Share Consolidation
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/02/12 -- BCGold
Corp. (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) (or the "Company")
announces that it has completed the consolidation of its common
shares on the basis of one (1) "new" common share for ten (10) "old"
common shares as approved by shareholders at the Company's
Extraordinary Meeting held on October 30, 2012. Effective November 5,
2012, the common shares of the Company will commence trading on the
TSX Venture Exchange on a consolidated basis under the same stock
Letters of transmittal describing the process by which shareholders
may obtain new certificates representing their consolidated common
shares will be mailed shortly to registered shareholders.
Shareholders who hold their shares through a broker or other
intermediary and do not have shares registered in their name will not
be required to complete a letter of transmittal. No fractional shares
will be issued under the share consolidation and any fraction will be
rounded to the nearest whole number. The new CUSIP/ISIN numbers are
Following consolidation and subject to rounding, the Company will
have issued and outstanding 9,860,201 common shares. All outstanding
options of the Company will be adjusted accordingly to reflect the
About BCGold Corp.
BCGold Corp. (TSX VENTURE:BCG) is focused on exploration and
development of its 100%-owned historic Engineer Mine and the
adjoining Gold Hill properties, situated in northwestern British
Columbia. Since 2007, the Company has incurred approximately $3.5
million in expenditures demonstrating the exploration upside and near
term mining potential of these properties. BCGold Corp. is unique in
that it not only exposes investors to the prospect of discoveries,
but is also positioned to offset exploration costs by monetizing /
forward selling gold concentrate recovered from on-site processing of
high-grade gold bulk samples at Engineer Mine.
BCGold Corp. has generated 27 early to mid-stage gold and copper-gold
properties in British Columbia and Yukon that it will continue to
advance through sourcing preferred JV partners.
On behalf of the Board of Directors,
Brian P. Fowler, P. Geo., President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Manager, Corporate Communications
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